-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WE4I5UEhwgAFSmKoMppwVow3lD6EbZr7y5Og9haS83LaQavrVNRSV8OPqVzlbduH
 4sT7pmv74RPrrTGZUWzggw==

<SEC-DOCUMENT>9999999995-10-000442.txt : 20100208
<SEC-HEADER>9999999995-10-000442.hdr.sgml : 20100208
<ACCEPTANCE-DATETIME>20100208001519
ACCESSION NUMBER:		9999999995-10-000442
CONFORMED SUBMISSION TYPE:	EFFECT
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20100205
DATE AS OF CHANGE:		20100208
EFFECTIVENESS DATE:		20100205

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Paragon Shipping Inc.
		CENTRAL INDEX KEY:			0001401112
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			1T
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		EFFECT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-164370
		FILM NUMBER:		10578628

	BUSINESS ADDRESS:	
		STREET 1:		15 KARAMANLI AVE
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		011-30-210-891-4600

	MAIL ADDRESS:	
		STREET 1:		15 KARAMANLI AVE
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAMELIA NAVIGATION S.A.
		CENTRAL INDEX KEY:			0001438662
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		EFFECT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-164370-15
		FILM NUMBER:		10578651

	BUSINESS ADDRESS:	
		STREET 1:		15 KARAMANLI AVE.
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		30-210-8914-600

	MAIL ADDRESS:	
		STREET 1:		15 KARAMANLI AVE.
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EXPLORER SHIPHOLDING LTD
		CENTRAL INDEX KEY:			0001438663
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		EFFECT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-164370-12
		FILM NUMBER:		10578648

	BUSINESS ADDRESS:	
		STREET 1:		15 KARAMANLI AVE.
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		30-210-8914-600

	MAIL ADDRESS:	
		STREET 1:		15 KARAMANLI AVE.
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAIRPLAY MARITIME LTD.
		CENTRAL INDEX KEY:			0001438664
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		EFFECT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-164370-11
		FILM NUMBER:		10578647

	BUSINESS ADDRESS:	
		STREET 1:		15 KARAMANLI AVE.
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		30-210-8914-600

	MAIL ADDRESS:	
		STREET 1:		15 KARAMANLI AVE.
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PROTEA INTERNATIONAL INC.
		CENTRAL INDEX KEY:			0001438860
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		EFFECT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-164370-06
		FILM NUMBER:		10578642

	BUSINESS ADDRESS:	
		STREET 1:		15 KARAMANLI AVE.
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		30-210-8914-600

	MAIL ADDRESS:	
		STREET 1:		15 KARAMANLI AVE.
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PALOMA MARINE S.A.
		CENTRAL INDEX KEY:			0001438862
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		EFFECT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-164370-04
		FILM NUMBER:		10578640

	BUSINESS ADDRESS:	
		STREET 1:		15 KARAMANLI AVE.
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		30-210-8914-600

	MAIL ADDRESS:	
		STREET 1:		15 KARAMANLI AVE.
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRONTLINE MARINE CO.
		CENTRAL INDEX KEY:			0001439146
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		EFFECT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-164370-10
		FILM NUMBER:		10578646

	BUSINESS ADDRESS:	
		STREET 1:		15 KARAMANLI AVE
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		30-210-8914-600

	MAIL ADDRESS:	
		STREET 1:		15 KARAMANLI AVE
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TRADE FORCE SHIPPING S.A.
		CENTRAL INDEX KEY:			0001439147
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		EFFECT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-164370-07
		FILM NUMBER:		10578643

	BUSINESS ADDRESS:	
		STREET 1:		15 KARAMANLI AVE
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		30-210-8914-600

	MAIL ADDRESS:	
		STREET 1:		15 KARAMANLI AVE
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			READING NAVIGATION CO.
		CENTRAL INDEX KEY:			0001439148
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		EFFECT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-164370-05
		FILM NUMBER:		10578641

	BUSINESS ADDRESS:	
		STREET 1:		15 KARAMANLI AVE
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		30-210-8914-600

	MAIL ADDRESS:	
		STREET 1:		15 KARAMANLI AVE
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OPERA NAVIGATION CO.
		CENTRAL INDEX KEY:			0001439149
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		EFFECT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-164370-08
		FILM NUMBER:		10578644

	BUSINESS ADDRESS:	
		STREET 1:		15 KARAMANLI AVE
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		30-210-8914-600

	MAIL ADDRESS:	
		STREET 1:		15 KARAMANLI AVE
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IMPERATOR I MARITIME CO.
		CENTRAL INDEX KEY:			0001439150
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		EFFECT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-164370-09
		FILM NUMBER:		10578645

	BUSINESS ADDRESS:	
		STREET 1:		15 KARAMANLI AVE
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		30-210-8914-600

	MAIL ADDRESS:	
		STREET 1:		15 KARAMANLI AVE
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DONNA MARINE CO.
		CENTRAL INDEX KEY:			0001439151
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		EFFECT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-164370-13
		FILM NUMBER:		10578649

	BUSINESS ADDRESS:	
		STREET 1:		15 KARAMANLI AVE
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		30-210-8914-600

	MAIL ADDRESS:	
		STREET 1:		15 KARAMANLI AVE
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CANYON I NAVIGATION CORP.
		CENTRAL INDEX KEY:			0001439152
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		EFFECT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-164370-14
		FILM NUMBER:		10578650

	BUSINESS ADDRESS:	
		STREET 1:		15 KARAMANLI AVE
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		30-210-8914-600

	MAIL ADDRESS:	
		STREET 1:		15 KARAMANLI AVE
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EPIC INVESTMENTS INC.
		CENTRAL INDEX KEY:			0001442481
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		EFFECT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-164370-03
		FILM NUMBER:		10578639

	BUSINESS ADDRESS:	
		STREET 1:		15 KARAMANLI AVE.
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		30-210-8914-600

	MAIL ADDRESS:	
		STREET 1:		15 KARAMANLI AVE.
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OVATION SERVICES INC.
		CENTRAL INDEX KEY:			0001478743
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			1T

	FILING VALUES:
		FORM TYPE:		EFFECT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-164370-02
		FILM NUMBER:		10578638

	BUSINESS ADDRESS:	
		STREET 1:		15 KARAMANLI AVENUE
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		011-30-210-891-4600

	MAIL ADDRESS:	
		STREET 1:		15 KARAMANLI AVENUE
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IRISES SHIPPING LTD.
		CENTRAL INDEX KEY:			0001478744
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			1T

	FILING VALUES:
		FORM TYPE:		EFFECT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-164370-01
		FILM NUMBER:		10578634

	BUSINESS ADDRESS:	
		STREET 1:		15 KARAMANLI AVENUE
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		011-30-210-891-4600

	MAIL ADDRESS:	
		STREET 1:		15 KARAMANLI AVENUE
		STREET 2:		GR 166 73
		CITY:			VOULA
		STATE:			J3
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>EFFECT
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0101</schemaVersion>

    <submissionType>EFFECT</submissionType>

    <act>33</act>

    <testOrLive>LIVE</testOrLive>

    <effectiveData>
        <finalEffectivenessDispDate>2010-02-05</finalEffectivenessDispDate>
        <finalEffectivenessDispTime>14:00:00</finalEffectivenessDispTime>
        <form>F-3</form>
        <filer>
            <cik>0001401112</cik>
            <entityName>Paragon Shipping Inc.</entityName>
            <fileNumber>333-164370</fileNumber>
        </filer>
        <filer>
            <cik>0001438662</cik>
            <entityName>CAMELIA NAVIGATION S.A.</entityName>
            <fileNumber>333-164370-15</fileNumber>
        </filer>
        <filer>
            <cik>0001439152</cik>
            <entityName>CANYON I NAVIGATION CORP.</entityName>
            <fileNumber>333-164370-14</fileNumber>
        </filer>
        <filer>
            <cik>0001439151</cik>
            <entityName>DONNA MARINE CO.</entityName>
            <fileNumber>333-164370-13</fileNumber>
        </filer>
        <filer>
            <cik>0001438663</cik>
            <entityName>EXPLORER SHIPHOLDING LTD</entityName>
            <fileNumber>333-164370-12</fileNumber>
        </filer>
        <filer>
            <cik>0001438664</cik>
            <entityName>FAIRPLAY MARITIME LTD.</entityName>
            <fileNumber>333-164370-11</fileNumber>
        </filer>
        <filer>
            <cik>0001439146</cik>
            <entityName>FRONTLINE MARINE CO.</entityName>
            <fileNumber>333-164370-10</fileNumber>
        </filer>
        <filer>
            <cik>0001439150</cik>
            <entityName>IMPERATOR I MARITIME CO.</entityName>
            <fileNumber>333-164370-09</fileNumber>
        </filer>
        <filer>
            <cik>0001439149</cik>
            <entityName>OPERA NAVIGATION CO.</entityName>
            <fileNumber>333-164370-08</fileNumber>
        </filer>
        <filer>
            <cik>0001439147</cik>
            <entityName>TRADE FORCE SHIPPING S.A.</entityName>
            <fileNumber>333-164370-07</fileNumber>
        </filer>
        <filer>
            <cik>0001438860</cik>
            <entityName>PROTEA INTERNATIONAL INC.</entityName>
            <fileNumber>333-164370-06</fileNumber>
        </filer>
        <filer>
            <cik>0001439148</cik>
            <entityName>READING NAVIGATION CO.</entityName>
            <fileNumber>333-164370-05</fileNumber>
        </filer>
        <filer>
            <cik>0001438862</cik>
            <entityName>PALOMA MARINE S.A.</entityName>
            <fileNumber>333-164370-04</fileNumber>
        </filer>
        <filer>
            <cik>0001442481</cik>
            <entityName>EPIC INVESTMENTS INC.</entityName>
            <fileNumber>333-164370-03</fileNumber>
        </filer>
        <filer>
            <cik>0001478743</cik>
            <entityName>OVATION SERVICES INC.</entityName>
            <fileNumber>333-164370-02</fileNumber>
        </filer>
        <filer>
            <cik>0001478744</cik>
            <entityName>IRISES SHIPPING LTD.</entityName>
            <fileNumber>333-164370-01</fileNumber>
        </filer>
    </effectiveData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----